Bluejay Inc.s inventory records show the following data for purchases and sales of units. ...
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Accounting
Bluejay Inc.s inventory records show the following data for purchases and sales of units.
| Date | Units | Unit Cost | |
|---|---|---|---|
| November 1 | Inventory | 3,300 | $20.50 |
| November 3 | Purchases | 30,000 | 20.80 |
| November 5 | Sales | 15,000 | |
| November 11 | Purchases | 24,000 | 21.00 |
| November 18 | Sales | 25,500 | |
| November 28 | Purchases | 9,000 | 21.50 |
Required Assuming that Bluejay maintains a periodic inventory system with a monthly physical count, compute ending inventory on November 30 under the average cost method.
| Numerator | Denominator | Result | |||
|---|---|---|---|---|---|
| Average Cost | Answer
| Answer
| = |
Note: Use the result EXACTLY as displayed above in the calculation required for your answer below.
| Ending Inventory | Answer
|
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